24th Oct 2019 15:45
AMENDMENT
INCREASED EQUITY PURCHASES BY 37,400TO 297,157
INCREASED EQUITY SALES BY 26,016 TO 234,652
ADDED EQUITY SWAP PURCHASES OF 46,575
ADDED EQUITY SWAP SALES OF 61,687
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Inmarsat plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Financial Advisor to Inmarsat plc |
(d) Date dealing undertaken: | 9 October 2019 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received (GBP) | Lowest price per unit paid/received (GBP) |
Ordinary Shares
| Purchase
Sale | 297,157
234,652 | 5.8600
5.8510 | 5.8080
5.8040 |
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
Convertible Bond
| Purchase
Sale | 4,000,000
4,000,000 | 148.1250 USD
148.2500 USD | 148.0000 USD
148.2500 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
Ordinary Shares | Equity Swap
| Long
Short
| 2,379 995 85 2,017 35,019 6,406 1,533 187 237 59 3,928 360 1,010 1,960 60 26 3,086 8,876 2,533 2,731 63,416 389 46,575
163 3,105 14,349 6,418 1,476 1,960 20,157 16,101 26,655 10,773 63,851 1 9,943 24,287 5,700 31,700 | 5.8086 GBP 5.8088 GBP 5.8235 GBP 5.8246 GBP 5.8247 GBP 5.8251 GBP 5.8253 GBP 5.8260 GBP 5.8266 GBP 5.8268 GBP 5.8272 GBP 5.8274 GBP 5.8275 GBP 5.8280 GBP 5.8295 GBP 5.8318 GBP 5.8320 GBP 5.8321 GBP 5.8368 GBP 5.8397 GBP 5.8400 GBP 5.8409 GBP 7.1461 USD
5.8183 GBP 5.8199 GBP 5.8202 GBP 5.8239 GBP 5.8274 GBP 5.8298 GBP 5.8301 GBP 5.8319 GBP 5.8343 GBP 5.8391 GBP 5.8400 GBP 5.8406 GBP 5.8455 GBP 7.1050 USD 7.1142 USD 7.1157 USD |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
|
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
|
| Date of disclosure: | 24 October 2019 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Inmarsat